
Pasinex Resources Limited announces new mineralization after receiving the results of magnetic surveys and rock sampling at its Golcuk Property in Turkey
Pasinex Resources Ltd. has now received the results of ongoing magnetic soil surveys at its Golcuk concession in the Turkish province of Sivas.
The results show considerable variations in the magnetic structures of the rock units that make up the massive volcanic and volcanoclastic rocks. There are several centers of copper mineralization in this area, and the variations are significantly lower within the sediments above this package.
The magnetic structures in the volcanic rock should help Pasinex to map sites below the surface, especially those of the copper mineralized layers.
The latest Golcuk geological mappings that were made prior to the receipt of the results of the magnetic surveys that have located the locations of various copper mineralized centers identified at Golcuk, as well as the results of the magnetic surveys that have been received to date, can be found on Pasinex's website and the centers of copper mineralization are retrieved.
The match of six of the nine copper mineralized centers at Golcuk with the Upper contact of the volcanoclastic rock unit (basaltic) is evident. The entire length of this contact is therefore considered by Pasinex to be a promising location for copper accumulation and thus as an exploration target. The results of the magnetic surveys, a digital elevation model of the concession and further rock sampling will be applied around this Target with a length of over ten kilometers ready to drill ready.
Pasinex points out that copper is also present in potentially economic concentrations at three other stratigraphic levels of the Golcuk concession, namely in the sediments (at Funlu and in historical mines at the center of the concession), in the basalt lava-basalt agglomerate unit at New West as well as in the agglomerate-tuff-limestone-loamstone unit at New South.
Pasinex routinely conducts surface rock sampling as part of its geological mapping. A number of rock samples recently collected by Pasinex returned highly anomalous copper values at the eastern end of the Golcuk Concession - in an area now known as Funlu. The copper values of Funlu bite samples obtained in Pasinex's Niton XRF laboratory in Turkey are on the Website of the company available. Outcrop samples consisted mainly of volcanoclastic rock.
By identifying the Funlu reconnaissance area, Pasinex was able to show that the total thickness of the Golcuk concession - a distance of 7,6 kilometers between Funlu in the east to New West in the west - is copper mineralized, which is why subsurface exploration on an economic scale are justified. There is obvious evidence of higher surface copper values, and mineralization can be tracked by geophysical methods such as magnetic surveys.
Steve Williams, Pasinex's Chief Executive Officer, said, "This latest information further confirms that Golcuk is a very promising copper target. Copper mineralization can be observed throughout the Golcuk property. Pasinex is focused on one area of the Golcuk Property and is setting up initial resources there. This will allow us to focus on the project development at Golcuk and explore the greater opportunity ahead of us at Golcuk. "
Cline Smyth, P.Geo., Pasinex's Vice-President of Exploration, is the Qualified Person under National Instrument 43-101 who has verified the written publication of all scientific and technical information in this release.
We comply with the Safe Harbor regulations.
About Pasinex
Pasinex Resources Limited is a mining company specializing in base and precious metals exploration and is primarily interested in building a high quality portfolio of base metal projects in Turkey. The company is led by an experienced team with many years of experience in resource exploration and mining exploration.
Pasinex Resources Limited acquired a 100 percent interest in the Golcuk Property, but completed payments and a 2,9 percent NSR license fee under the option agreement with Eurasian Minerals Inc. (TSX-V: EMX; NYSE: EMXX ) (see Pasinex's press releases dated July 25, 2012 and February 12, 2013).
For the Board of Directors:
PASINEX RESOURCES LTD.
"Steve Williams"
President / CEO
Tel: +1 416 861 9659 Email: ppgad@pucrs.br
The CNSX accepts no responsibility for the accuracy or accuracy of this message.
This press release contains forward-looking statements that involve certain risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company's actual results to differ materially from any historical or future results, which may be stated, directly or indirectly, in such forward-looking statements.
All statements that are not historical facts are forward-looking statements. Although Pasinex Resources Ltd. is of the opinion that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future events. The actual results or developments could
significantly different from those expressed in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed in forward-looking statements include: the reliability of below-surface magnetic structures, the positive outcome of identified exploration targets, the potential economic copper concentrations at Funlu the ability to further develop the Golcuk project based on capital availability, market prices, exploration results and general economic, market or business conditions. There is no assurance that such statements will prove to be correct, so readers are cautioned to rely on their own assessment of such uncertainties. We are under no obligation to update any forward-looking statements.
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